Garmin
GRMN
639 hedge funds and large institutions have $10.4B invested in Garmin in 2023 Q1 according to their latest regulatory filings, with 79 funds opening new positions, 267 increasing their positions, 193 reducing their positions, and 58 closing their positions.
52% more call options, than puts
Call options by funds: $158M | Put options by funds: $104M
38% more repeat investments, than reductions
Existing positions increased: 267 | Existing positions reduced: 193
36% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 58
14% more capital invested
Capital invested by funds: $9.13B → $10.4B (+$1.24B)
2.02% more ownership
Funds ownership: 51.64% → 53.66% (+2%)
2% more funds holding
Funds holding: 629 → 639 (+10)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$182M |
| 2 |
Select Equity Group
New York
|
+$94.7M |
| 3 |
JP Morgan Chase
New York
|
+$48.9M |
| 4 |
Barclays
London,
United Kingdom
|
+$32.3M |
| 5 |
WOC
West Oak Capital
Westlake Village,
California
|
+$31.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$38.3M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$34.2M |
| 3 |
Two Sigma Advisers
New York
|
-$30.5M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$29.9M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$27.7M |
GRMN Hedge Fund Activity: Q1 2023 in Review
639 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Garmin (GRMN) for Q1 2023, worth a combined $10.4B — up 14% from $9.13B a quarter earlier.
Buyers outnumbered sellers: 79 funds opened new GRMN positions and 58 closed out — a net gain of 21 holders — while 267 added to existing stakes and 193 trimmed.
The largest buyer was First Trust Advisors, adding an estimated $182M. The largest seller was Millennium Management, cutting an estimated $38.3M.
- 639 institutional investors held Garmin (GRMN) as of Q1 2023, up from 629 in Q4 2022.
- Funds reported $10.4B of Garmin stock for Q1 2023, up 14% quarter-over-quarter.
- 79 funds opened new Garmin positions in Q1 2023 and 58 closed out, a net change of +21 holders.
- The largest Garmin buyer in Q1 2023 was First Trust Advisors, an estimated $182M added.
- The largest Garmin seller in Q1 2023 was Millennium Management, an estimated $38.3M sold.
Based on aggregated 13F filings for Q1 2023.